With big data, 'nowcasts' may replace economic forecasts
Technology is opening up new sources of info offering instant, constantly updated insights into a nation's health
Singapore
ECONOMIC forecasting - traditionally a slow and complex undertaking - is on the cusp of a big data revolution.
Technology is opening up new sources of data that could offer instant, constantly updated insights into a country's economic health - from traffic volumes on major shopping streets, to electricity consumption in office buildings and factories.
While such information i…
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